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legion and get to 270 electoral votes? give mitt romney florida, virginia, north carolina, colorado. his shortest path is to win those states. he would win a majority of the nine swing states and that gets him to 275, 263 for barack obama. he also needs for that scenario to win the state of ohio. tyler mentioned the cleveland airport today. what -- now, let's go back to this map again, put the swing states again in yellow and say, what is barack obama's shortest path? he just needs to win three of the nine swing states, those three, wisconsin, paul ryan's home state, ohio, the state we have just been talking about and also nevada, big harry reid's home state, the senate leader, big union vote, big hispanic vote there. if he gets those three things, barack obama gets to 271 electoral votes and wins, tyler. >> but not any three of those nine states? >> specifically those three. >> specifically those three. say it again, ohio, nevada -- >> ohio, wisconsin, nevada. if barack obama gets those three, can win every other swing state -- >> do the polls tell us that he is ahead in those three? >>
, virginia, florida, colorado, too close to call. the senate, mostly breaking as expe expected, but the democrats did pick up three new seats. republicans projected to hold the house as well. >> all right. let's get straight to john harwood at the maproom to give us more color on what we're seeing as the most recent poll closings. over to you, john. >> we're almost completely closing the map of coloring in the map of all the states we knew in advance where they were going to faull. the only state where polls have not closed yet is the state of alaska. we're very confident mitt romney is going to win that based on polls before the election. so we're really waiting for those seven battleground states that haven't been filled in yet. again, to reiterate, as we've talked about before, if president obama wins the state of florida this race is over. he's going to be re-elected for a second term. but if mitt romney wins it, he's got to also win north carolina, he's got to win virginia, where it's very close, and he's got to win the state of ohio, which is really a big one hanging out
for service vehicles. therefore it's just a speculation. john in florida. >> caller: jim, big boo ya to you from lake ashland, florida. >> man are you lucky throb. it's so miserable here. what's up? >> caller: baidu. >> no, no, i can't own individual. a loss there represents a value. john in florida. >> caller: hi, jim. i just want to mention i don't know if anyone ever told you but you remember billy joel, not lennon like you showed that portrait last week. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your upon on plcn, pollycon? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at past eight trading days and i was wondering if this was any case the stocks stocks were to pop. cldx is the prop. don't know why it's up. got to come back. sorry. could be a could good peck. >>
in florida. >> caller: boo-yah, jim. >> boo-yah, joey. >> caller: you think it could be a large percentage of companies like annies? >> i'd rather go with haynes. they slammed him the other day. i saw irwin simon on "fast money" and i thought he told god good stories. best of breed is haynes celestial. or mond in connecticut. >> caller: how are you. want to look at the fresh market earnings. the stock got hammered. i was wondering if it's over with or stay away from the stock completely? >> what do we got to be in the second-best? i like this, nice looking stores. don't get me wrong. if nice looking stores all that mattered i'd be a bye bye-byer. but we got whole foods and unbelievable players who run whole foods. why do we have to figure out to play whole foods fresh market? the way to play whole foods is whole foods. >> let's go to janet in the home state of new jersey. >> jim, boo-yah to you. i'm learning so much from you and your show. how i can help? >> caller: i was watching your show yesterday about private label goods and i just want to know, could private label grow or hurt or hel
of florida, jeb bush, he'll be our special guest coming up at 8:00 a.m. all that plus as we mentioned the new adp employment report. mark zandi will deliver the report to us first on cnbc. let's get over to andrew with more of today's top stories. >> joe, i think actually we're going to go and talk to mary thompson. as new jersey begins to recover, gas lines are growing. mary thompson is on the new jersey turnpike this morning. mary, good to see you. but there's been a lot of lines and a lot of people talking about this. >> reporter: yeah, very frustrating situation. take a look behind me, you can see the line at the vince lombardi station. and what you can't see is that it stretches down just about a half a mile to the entrance to this rest stop. our cameraman waited in line to get gasoline, he said it took him about 25 minutes. and brian sullivan drove past it yesterday and said the line was at least 200 cars deep. similar scenes like there are being played out all over new jersey as well as long island. residents driving across state lines to find gas, others expressing increasing frustrat
of a deal. clark in florida. clark? >> jim, a big first time booyah from the conch republic of florida keys. >> i love the fish, what's up? >> jim, i love you. you have shown me to go for chesapeake. it looks like the united states is getting back in the oil business. who should i be looking at? >> if you want to know who is the best finder of oil, eagle ford and bakken, those are the two finds for eog. let's go to jordan in pennsylvania. >> hey jim, big booyah from pittsburgh, pennsylvania. >> i'll tell you, that tastes like iron city beer. it tastes like coming home. >> i got weight watcher's. how do you feel about their recent change in management? >> i don't want to be greedy. i think you are greedy if you hang on to wtw. you know what, let's go to wayne in virginia. >> love your show. would like your take on moly corp. >> accounting irregularities equal sell. i understand from the papers that there are issues there involving an sec investigation. you close your eyes and you sell because there is not much to it. we have good things holding us up. understand this, we will not tolerate th
later in the program. >> ohio, colorado, florida, those are the three, i think. >> i bet a lot of global investors are googling the u.s. state map this morning. >>> there is a plan known as the fiscal cliff and automatically triggered $600 billion of tax hikes and spending cuts which would send the u.s. into a recession. >> in this animation, eamon javers has explained the fiscal cliff and gives a couple scenarios for avoiding it. >> the u.s. is barreling towards the fiscal cliff, that's when come on on 2013, mandatory budget cuts and tax increases kick into reduce the deficit by $560 billion. the map drawn by congress leads to automatic cuts next year of $27 billion each in defense and nondefense spending and another $12 billion in cuts to medicare. but here's what lowers the deficit most. higher taxes. all the bush tax cuts go away and a 2% payroll tax comes back. all this coming at once would put the economy in a recession. congress and the president could still take an off-ramp and avoid the cliff, but that would mean tough compromises to raise taxes or lower spending. the other alte
margins in florida, virginia, colorado and ohio. >> governor romney has been having a tough time here in ohio because everybody knows he was against saving the auto industry. you don't scare people just to scare up some votes. >> i can't wait for us to get started. he's hoping we'll settle. americans don't settle. we build, we aspire, we dream, we listen to that voice that says we can do better. >> john harwood will join us with more. and then we'll focus on pot ticks with jack welch. romney campaign adviser senator rob portman and roger altman. so obviously a full lineup to get through all of this. andrew and joe, back over to you. >> let's check on the markets this morning. futures are indicated lower. as i've been pointing out for a while, there is a labor day indicator that jim stack and others have pointed to. and 25 out of 28 times, if the dow jones industrial average was below where it was the friday before labor day, the incumbent loses. and that number 13, 091 and the dow closed at 13,093. so two points above. >> do you think it was sandy? >> i don't know what it was. turned
projected off to the northeast of minneapolis. we'll take you a little bit further south, of course florida one of our swing states. and getting messier by the minute across sections of north florida and you can clearly see that that rainfall will make impacts for many of you across sections of the southeast including georgia and into the carolinas. some showery weather also for those of you in the northwest. in terms of tracking the storm system, the nor'easter that we've been talking about, this has clearly been on everyone's mind and we know how important it is to folks who want to get the latest details. once that storm system which is bringing the rain that we just showed you across the southeast begins to lift upward, we are anticipating those impacts to begin wednesday into thursday. and then thursday into thursday night, we will see some wet and wintry weather continuing, but the latest model runs are trending the system a little bit further offshore. back to you. >> thanks, danielle. it is now a sprint to the white house this morning. investors are waiting for a level of uncertaint
developments planned or under construction for condos in south florida. >> even with all that overhang and in 2007 there were 35,000 unsold developer units in the downtown area alone. >> so markets can work. >> that's the great thing. >> the free market worked very well. >> let me ask you one more thing. tell me about pricing. i want both of you to tell me about pricing because some of the numbers are interesting and prices are up and in some of these report, 8%, 12% from a year ago, but still, a continue% move is a 10% move. are you seeing that in south florida? >> in south florida, condos went up 28% from a year ago and we're seeing that in washington, d.c., and the markets are strong and it's another market we're operating in and what we're having difficulty with is las vegas and the major market for the company and las vegas is having a lot of difficulty. >> you're national and international, what's the hottest place right now? >> i think new york, as always, miami, very hot. >> i agree with don. miami is so hot and buildings like the one he built is amazing. >> are these people co
decisive. florida remains a toss-up. clearly not going to make a difference to the overall outcome. 270, that was the number to reesm we knew once we started to get the results from ohio, that it was going in barack obama's way decisively. yes, 303 to barack obama 206 to mitt romney. >> but the race for the white house wasn't the only major contest as control of congress was also up for grabs. the democrats held on to the senate picking up two additional seats in massachusetts, where elizabeth warren beat the incumbent scott brown. in indiana, congressman joe donnelly beat the controversial richard mourdock. congress remains divides republicans maintain their control over the house of representatives. romney's running mate paul ryan won his re-election campaign for his house seat. >> joining us for more analysis is ron freeman. ron, good morning. >> good morning, kelly. >> ron, what's your initial reaction here to the outcome? what's the biggest impact this is going to have on policy? >> i think the biggest impact it will have on policy is we have a president we know well. we know what
a lot of work and like what i see. carmen in florida. >> caller: yes, thank you for taking my call, mr. cramer. >> sure enough, what's up with you? >> caller: i own alexium pharmaceuticals? >> people are selling that because they don't know what the tax scheme will be. i care that it's a terrific stock. wait till the end of the year and pick some up. matt in indiana. >> caller: boo-yah, cramer from the tennessee valley. >> we get calls from everywhere. yes. >> caller: i want to say hi to my 6-month-old little boy who loves your show. >> and? >> caller: and i want to ask you about qpe. >> last friday, if you recall, we had robert bemnochet. it's an opportunity. aig is cheap. it's got sandy. i already told but sandy. i like the stock. joe in michigan. >> caller: hey, jim. big boo-yah from michigan. drn, trinity industries. should i stay on or get off? >> have you own an actual rail. i don't know if karl ichan is coming after these. that is the conclusion of the lightning round! >>> let's go right to it. >> caller: jay from beautiful bainbridge island, washington. >> i wish i was there. >
. malcolm in florida. malcocol malcolm? >> caller: jim, thank you for that heads on amgen and starbucks last week. those were great calls. >> thank you. i like them both. starbucks, this tivana is going to be so huge for them. people keep misjudging howard shultz. one day they'll say that shultz was okay. what's up? >> caller: well, jim, i'm going a retired guy with 50% of the portfolio invested in high yield municipal bond etfs. my question to you is, in this environment, with the economic environment, with the possibility of a compromise regarding the fiscal cliff, vis-a-vis the increase revenues and cuts in spending, what is your analysis and your opinion on the tax free municipal bonds at this juncture? >> you have to buy them. the individual is going to go right back them and move them up. i think that's a great place to be. don't touch them. i want you to buy them. brilliant idea. now we go to paul in louisiana. paul? >> caller: hey, jim. thanks for taking my call. >> no problem. >> caller: i've been just getting in and sticking with a stock itw. i've been following it for a couple mon
. elizabeth in florida? >> caller: hey, cramer. i own iaci. >> sure, i know it. >> you know one of major holdings is match.com. in october the stock took a huge hit as a result of a patent infringement lawsuit. okay, this is of caveat. it's a possibility of future lawsuts. however, the fundamentals remain intact. is it a match made in heaven or a bad date? >> it's a good date. it's profitable. i thought it was terrific. i am a buyer of interactive corp. as we wait for washington to rise above, remember to keep your eye on the main prize -- the chance it's apple, it's amazon, it's google. for me, apple, it's still the real standout. "mad money" will be right back. >>> coming up -- power up? >> the devastation left in the wake of sandy is a stark reminder of just how vulnerable our critical infrastructure is. as this crucial backbone is rethought and rebuilt, cramer looks at one stock that seems to be in a powerful position. could it recharge your portfolio? and later -- >> house of pleasure. >> pending home sales rose to a five-year high today. which stock should you move into, as the fou
and maybe florida depends on the poll. i urge everyone to go out and vote in new jersey. very difficult. largest polling place in our town closed. no power. people have to recognize that the adversity of a lot of people trying to vote today shows you that democracy is trying to be at work. not as easy as you thought. >> i have always said voting is messy. we do it better than just about anybody else. >> north korea has the 99%. everybody seems to turn out. >> regardless of whether the lights or off or not. >> another call today from deutsche bank saying that there's a rally if obama wins and a rally if romney wins going into year end. depends if you look at 1450 or 1500. >> some have said there's a bond market rally for one and stock market rally for other. bond market for obama. easy money so to speak continuing. one of the key questions people come back to is it possible if romney wins and replace him prior to that in some fashion. what we can expect. we'll sit here tomorrow and know who the president is. you talk about uncertainty. that would be a blow if we sit here tomorrow and don
the fiscal cliff. we have two guest hosts, george p. bush, son of former florida governor jeb bush, founding partner of st. augustine partners and jared bernstein, former chief economist to vice president biden, also a cnbc contributor and welcome to both of you. great to have you both here today. >> thank you. >> good to be here. >> we've been talking seriously about trying to tackle the fiscal cliff, it's a looming problem. you've seen the market's activity over the last week or so, and first of all i have to ask each of you, do you think we'll go over the fiscal cliff? george we haven't gotten to talk to you for a while. >> i have a bullish sentiment, i look at the rhetoric from speaker boehner late last week and the president's remarks indicate there's wiggle room in terms of a trade that can be made between meaningful entitlement reform and revenue generation. the crux of the issue will lie in terms of where the revenue will be generated, whether it will be in tax increases but this is the first part of the negotiati negotiation, as in any business deal there is posturing but i feel a d
sandy hit the new york area last week, now a florida utility says that the long island power authority sent letters to florida crews and asking them to temporarily join the union before they could help out. and that may have delayed their arrival. the union says no one was turned away if they refused to join. all right. you her all the pundits saying democrats are killing the republican party in the swing states. now senator ted cruise has a real shocker for us. he says immigration trends could very easily turn the reddest of red states blue. we are talking texas, of all places. can you believe that? we will have much more about this republican bungle of immigration when we talk to christopher at 7:50 this evening. new questions tonight following the sudden resignation of cia director david petraeus. over an extramarital affair. chair and senate intelligence committee saying that she will seek testimony from petraeus about the september attack on the consult in benghazi, libya. joining us now is the chair of the house homeland security committee, peter king. peter, chairman king. as al
writer. all right. let's go to simon in florida. simon? >> caller: boo-yah from miami. >> oh, man. i wish i were there so bad. can you transport me there right now? what's the stock? >> caller: jim, i like to get your take on the largest holdings, marvel technology. >> i think that is being passed by. it is a very poorly run company. maybe the 3% yield helps it. i don't want anything to do with that stock. i would like to go to cody in michigan. cody? >> caller: boo-yah. >> wow. nice. >> i want to know what you think of ttc? >> yeah, it's a great housing play. it's a winner. i feel like it's going to continue to win. and let's not forget carol in big missouri. carol? >> caller: boo-yah, jim! >> nice overtime win there, carol. what's up? >> caller: yeah, i'm wondering if you think alcoa aluminum is poised for a rebound in 2013. >> in 2013, yes. it does have tremendous cap for selling between now and year end. that is one horrible commodity that he has to deal with. it was like, you know, the copper corporation would be doing good. let's go to daniel in virginia. daniel? >> caller: yes? >>
about andrew in florida, please? andrew. >> caller: professor cramer, got a ba-ba-ba-boo-yah from south florida. i'm talking about michael kors, ticker kors. yesterday in my opinion they delivered stellar earnings. the company absolutely crushed expectations and dropped my jaw. and i'm asking you, do you think that kors will continue to advance and be one of the few luxury brands to be invested heading into the holiday season? >> all right. this is, again -- i know this is heretical to those of us who do a lot of work -- i'm sitting there last night. okay? i got no teams to root. i've got nothing on whatsoever. and here i am. so i said i'm going to go read the kors conference call. every page is better than the past. every page looks great. it's like a really great episode of some tv show you like. but you know what? it sells at a gazillion times earnings and everyone's got a profit in it. so people are taking profits. you have to wait until next year. unless we resolve the cliff beforehand. it's the "mad money" upside surprise party, and you're the ones who are getting all the gifts. i
a lot of that fema smending. th spending. then into florida where there's a lot of social security spending. same think along the gulf coast. zoom in on one louisiana county in here, there's a u.s. penitentiary there. a lot of federal spending. up through here, farm subsidies, drought relief. all kinds of things. out in arizona, retirees and other -- all the way up there in the state of washington. i understand we've got somebody coming from that state, a big naval base. that's going to show up big and make it red. what the pew center on the states did, they divided it up, said what federal spending is a% of gdp. maryland, virginia, district of columbia comes up the highest. fairly evenly split between defense and non-defense cuts. hawaii 16%. the bulk is defense spending. you come down here to alabama where there is a lot of defense spending as well. colorado and georgia would round out the top ten list. another way to look at impact of federal cuts is not just spending but what about jobs. some surprising states show up. texas is a red state but they have a lot of federal jobs as
area and massachusetts and florida where he has homes. at his florida home that he was arrested six days ago. martoma is the fifth person affiliated with sac capital who's charged in the long running insider probe that's so far achieved more than 70 convictions or please. though steven cohen, the sac chief, is not named in the complaint. the complaint does say that the owner of the firm was aware of those trades. mr. martoma will be back in court on december 26th for a preliminary hearing if he is not formally indicted first. >> thank you very much. >>> let's turn our attention to the retail scene. everybody's talking about it. we got it all covered for you. julia boorstin is in los angeles with the latest on a deal between facebook and apple that bears on it. courtney reagan has all the numbers from black friday to cyber monday. brian schactman is in a land's end distribution center in wisconsin on how much cyber monday really matters. let's begin with julia. >> tyler, facebook is teaming up with apple's itunes for its gifts initiative. a powerful alliance that could threaten other
to cut spending, but because he was a good governor of florida, he knows how to make a deal. he has also done a lot of work on immigration and is married to a spanish woman. he brings a lot to the table. education, he is a full package. >> i like that immigration part. his father used to call his son the little brown one and i just loved that. he would go to the hispanic latinos rallies and clubs and bodeg a bodegas and rallies. great reporting. thank you very much. now folks, shifting gears. i have another question for you? what company is spending more and more on electric cars even though they have become a huge profit loser? can you believe that? you think this conversation has anything to do with the bail out nation? i do. i think they do. anyway. kissy huggy stay seems to be ending in washington, d.c. where do we go from here? they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. >>> there is good news and t
to "squawk box" this morning, the race in the battleground state of florida lived up to its billing. that presidential contest is still too close to call. but mary thompson is there. and maybe she's not going to call it for us, but can give us more information on where we are. mary? >> reporter: no, i'm not going to call it, andrew. might not be until this afternoon or possibly 9 to 12 days from now before we know the outcome of the florida vote here. the vote count was called off late last night. miami-dade, which is one of the most populous counties here in florida said it would continue the vote count today. hanging in the balance, 29 electoral votes. but, again, at this point may make little difference. this is where we stand as far as the vote count goes with president obama showing a slight lead over governor romney according to the florida division of elections. now, even if the final results are submitted today, if there is a margin of victory of less than .5%, here in florida, that triggers an automatic vote recount. that has to be completed either after nine days after the
is coming back very strongly yesterday. chad in florida, please. >> caller: hey, jim, a boo-yah from orlando. >> man, i wish i were in orlando. i wish it was warm. what's up? >> caller: i have a question on north start realty finance. it looks lie this got up graded today. could it be a way to play a comeback? >> we look at this one, this is a very, very good company. they're a real estate debt company. here's what i want to do. i want it on the shelf. that's how we'll make our best adjustment. you're invited to come on "mad money." whether you're house hunting on profit-hunting. i think realogy is the best, but pricey. still too high. let it come in, but don't hesitate to pull the trigger. it's best in show. don't move. lightning round is up next. >>> it's a brutal full-contact sport. >>> it is time. it's time for the liningening round. buy buy buy or sell sell sell. hey, staffsers prepared the graphics on the fly. then the lightning round is over. i want to start with brian in ohio. brian? >> caller: hey, jim, out of cleveland here, i have a question for you on mark west here. i bought it
latino areas that did not get polled including florida and just saying one party figured it out. the other party didn't. >> if you look at individual stocks and sectors, yesterday you got at the point where you go by sector and not risk on, risk off broader mark. we see that here. financials are seeing softness in pre-market. coal stocks seeing softness. there is a notion that now there will be more reimbursement for patients who previously couldn't pay for their care and so that will be a huge tail wind for these stocks which goes to buy from neutral this morning. >> a couple guys piled on hca. i do feel that you're supposed to sell the medical devices because there's a tax on them. things are playing out the way we would expect. i do think that the market is not understanding the power of what bernanke is doing in housing because you would get the firing of bernanke very quickly, okay, and you're not going to get that now. he's obviously contributed. the rates are down any way. i just think that if you bought bank of america because you thought romney was going to win and that
a -- >> sorry to interrupt you. that's our first opportunity to see mr. martoma who has been living in florida of course as we know as he enters the court. continue, judge. >> the government will put together matching phone calls to particular trades and also look at speed of which trades take place and when they take place that will be part of the circumstantial evidence that will be used to ask the jury to infer that the defendant, mr. martoma, and others were acting with criminal intent. >> we had you on to talk about the gupta trial and now this one. we'll come back time and time again. is the hurdle for either side significantly higher or lower than in the case like gupta? >> in this case, in mr. mart yo appear there are any recordings. it will be a different play. >> just finally, judge, what is now the landscape of federal investigations into the financial services industry? what does this case tell us about where we are now? >> well, it underscores how broad the investigation is and some indication of how broad the problem might be. it's a whole different sphere, if you will, it's no l
swamped. >> you remember hurricane andrew which flattened homestead down in florida. there were parts of new jersey and long island that look like that. >> not nearly the size -- houses down there were $150,000 a piece. the homes that were destroyed up here were millions of dollars a piece. >> that's what i'm saying. it's much more money. >> the other difference is in new york there's not a lot of moral hazard that you worry about in the sense of people weren't building homes in the wrong places. >> a terrific comment. there had not been a storm there in decades and decades and decades. it's another thing in florida on the coast. there were counties i found along north carolina that have fema money on top of fema money from the prior storm on top of fema money. that's not the case in new york. >> three storms hit new york in 1954. all of them twice as big as the one that just hit three in one year. >> i don't want to give you a nodule but people are making a leap with global warming thing. it may be true. i don't think there's evidence of it. >> i tell you, it's our living in sin that
quarter, we feel very good about. that's certainly true in california. it's true in florida. it's true in paris. >> bob, the last time we talked, you seemed passionate about the need to fix our debt as a country. i wonder what your take is on president obama winning re-election. does that change anything for the company, for the industry? in terms of this fiscal cliff, everybody is expecting taxes to go higher. we're not sure how high on dividends and capital gains. will that dictate your behavior in terms of disney's payout, your dividend? >> well, first of all, i think i was most passionate when we last talked about the change in the corporate tax rate where we are the highest in the world right now. i don't think that makes this country competitive. i think it's a real impediment to true growth. so i'm very passionate about addressing that, not only reducing the rate, but in order to do so, i think certain loopholes have to get closed as well in order to make this country far more competitive. i think that's very important. i've seen some very compelling statistics about what a 10%
. that is the old pennsylvania power and light. i like it! let's go to pedro in florida. pedro? >> hey, jim. stock ticker symbol bys. i've been going to it for a year now. it's pretty good. i don't know what to do with it anymore. >> oh, boy. all right. this is the whole group of real estate investment trusts. i don't recommend them unless they come on the show. they have to come on the show. now, you know, i have been recommending annaly. it is better than this one. but i have to do more work. dean in washington. dean? >> hey, jimbo. sad, sad, losing money every day boo-yah. >> many of us are. >> so hey, last week i dialed in to solutions. they missed the earnings. >> no hurry. now you're in tax law selling season. i don't think you touch that stock until the he end of the year. i need david aldridge to come in and talk about it. and that is the conclusion of the "lightning round." >> "the lightning round" is sponsored by td ameritrade. and later, cash infusion? from syringes to surgery, medical supply company henry schein is in the heart of health care. as this sector settles into new reforms, s
to just $1,000. along the eastern seaboard that's a lot of fema. fema will take an 8% hit. in florida, a lot of social security spending. up here you have the risk management association -- sorry, agency, from department of agriculture. crop subsidy and drought relief comes through here. education, public assistance. the whole spectrum, pretty much, are subject to 8% cuts. let's take a look by state when we look at the total count here. this is from the pew research center. we find maryland, virginia, d.c., 20%. that's evenly split between the green, nondefense, and the blue, which is defense spending. hawaii, 16%. almost all of it is defense spending. places like kentucky and alabama. a lot of this is defense spending. a lot of these, by the way, are red states and they'll get hit. incentive for them to come to the table. one more way to look at this is federal jobs. this is by state. a red state, texas, a lot of federal jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a
forget it. bill in florida, bill? >> caller: hey, yes, jim. nice to talk to you. >> same. >> caller: hey, jim, i'm a retiree, and i'm on a fixed income. i'm very concerned about the future. so much uncertainty, jim, uncertain in taxes, uncertain in the elections. >> right. >> caller: and inflation is a big concern of mine. is there anything i can do at my age to protect myself from all these uncertainties that are coming up? >> okay, well, look. i've got to tell you unless you have -- you're a person who really does have to heed my 20% in gld or gold, gold bullion. i'm not going to tell you listen, you should buy bonds that yield 2% and that's going to protect you. i think gold is going to be the best defense you have against the worries that you just outlined. let's go to anthony in virginia, please. anthony? >> caller: washington redskins boo-yah rg3 nation stand up. >> man. dan snyder is your owner, have you thought about that at all? >> caller: i got a quick question. >> boo! >> when stay on the sidelines or look to get in long-term? >> when it's overbought, my old rule, i use the s&
't we? we ask, they perform. thank you very much. >>> from california to florida, walmart workers have been staging protests at various locations across the country. but, is that keeping shoppers away? we'll go live to a walmart store in maryland for the latest action on that. >>> plus, we'll tell you six ways to find the best deals out there. all it takes is your fingers and a mobile device. >>> up next -- fiscal cliff getting closer and closer every single day. one member of our panel says there is no way the lawmakers will hash out a deal by the end of the year. what does that mean for stocks? stick around to find out. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the mark
florida? jeff? >> caller: hey, jim. i saw facebook was up today, but knowing that the new ad blocker app has been released for android devices, how is that going to effect the company? >> it's going to be okay. facebook has the sponsored story thing. really good piece by sanford bernstein today about facebook. that guy hated it when it was right to hate it. he told you to stop hating it at the bottom. tells you to buy it below here. he's my guy. i believe in facebook at these levels. my kids were on facebook a lot this weekend. okay. how about joe in mississippi? joe? >> caller: hello, jim, how you doing? >> hey, doing pretty well. how about you? >> caller: good. okay. mmr, had a rough day today. down 22.5%. >> this one is too hard. it is just entirely a speck play on this davy jones locker, davy jones, well, i'd rather, you know -- sleepy dreams. show what i mean here. no. mmr, hold it until it goes back over 10 then sell it. i think i'm done waiting for mmr to go to 25. i need bob in massachusetts, please. bob? no doubt a patriot fan. bob? >> caller: yes, i am. and mr. cramer, a big ho
vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here at the new york stock exchange, constantine mikalo
. the oil sands are buried under forests in alberta the size of florida. the oil here doesn't come gushing out of the sand the way it does in the middle east. the oil is in the sand. it has to be dug up and processed. >> this mine in general will be in operation for about 25 years. >> rick george, the colorado-born c.e.o. of suncor energy, took us into his strip mine for a tour. >> so, bob, this is what the oil sands tar looks like. it's a very rich, very pliable kind of a soil. >> now, when i squeeze it, why doesn't oil come out? >> well, because it's not warm enough. if you add this to hot water, you'll start the separation process, and you'll see the oil come to the top of the water, and you'll see sand drop to the bottom. >> it looks like topsoil, doesn't it? >> it does, but it is oil. >> it looks like topsoil, but all it grows is money. [laughter] it didn't always. the oil sands have been in the ground for millions of years, but for decades, prospectors lost millions of dollars trying to squeeze the oil out of the sand. it simply cost too much. t. boone pickens, the legendary texas oi
-47. look at the state of florida. one that mitt romney is counting on as a lynchpin of the base. 29 electoral votes. president obama up among likely voters 49-47. in ohio, the state most look at as the potential tipping point. president obama has a six-point lead. he's gone hard on the auto bailout and hitting mitt romney. that's a point of contention. because ohio has been such a tough nut for the romney campaign to crack, that's a reason they are making a late play into pennsylvania. it depends on turnout organization, especially the composition of the electorate. what portion of white voters versus hispanics. definitely a lower level of intensity and young people. barack obama dominates among young people. mitt romney among seniors who are more motivated to vote. how much will that carry the day? we'll find out tomorrow. >> if you're looking for an early tell tomorrow, if you could only look at one state early on, virginia. if it's decisive either way does that suggest the rest of the night collapses in that direction? >> almost in any of the battleground states other than ohio w
couldn't resupply fast enough. >> john, i'm told that did not pass in south florida. it was proposed but didn't pass and the total cost per gas station is $8,000 to $10,000 for the prewiring and the generator. seems like they would have made that over the last couple of weekends, if they had had it. anyway, to not worry about losing the power when you don't have it is the only thing i can -- like this last storm it's like hey, neighborhood doesn't have power anyway. you can't do anything to us at this point. john hofmeister, appreciate it. thanks. >>> coming up, policy decisions from the bank of england and the european central bank, two important announcements from europe that are still ahead this morning. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. impact wool exports from new zealand, textile product
-- in the saks call they talked about another zip code store in florida where there's a whole floor of shoes. what we could do is we would take a winter break together and visit that zip code opposed to the zip code of -- >> if we're going down there, i might do it. i might do it. warmer weather you can show off your legs so that's nice too. >> okay. maybe we go to tampa bay. see what they have. >> i hear all of the action is in tampa. >> south beach. if you're going to do it, do it. >> you should do it up. >> the journal takes a crack at icahn versus hastings today as we keep an eye on take two where the action is getting hotter for carl. >> a blog post yesterday that they hired some time ago. listen, carl, i can tell you what i know. carl's calling people trying to get meetings with potential buyers for netflix. i spoke to people that will probably meet with carl. they have very little if no interest in actually buying it but everyone will go see carl because it's nothing if not entertaining. maybe you have a couple martinis, you relax, you talk, you get to heardom on things. we'll see wha
state can't pull gdp up after pushing it down. what we saw in 1992 in florida with andrew was that it did pull up the gdp. the rebuild did. this is a similar rebuild although there will be tremendous tension. those of house have property down there who submitted our bills to the insurance companies, how much of it was water damage? well, a lot of it. nice to know you. it's good. i hope you don't have mold down there. >> if it got flooded, you should hope a tree fell on top. >> the insurance companies are telling you to read fine print. fine print is very bad. >> when we come back, taking a bite out of apple in bear territory after a slight gain on friday and stock up in premarket. is it finally the time to buy? you might remember david shulman now with ucla forecast. he says why you should brace. nice rallies given that dow in the past four of six weeks have been down more than 200 points. more "squawk on the street" is back in a minute. >> take a look where we are set to open here up 112 points on the dow jones industrial average. a little bit of optimism this morning as
lustig claims you can improve your chances. he says he's won millions in the florida lottery and has even written a book. his tips, buy as many tickets as you can afford and pick your own numbers. don't let the machine do it. >> it's all about what numbers, how do i pick the best numbers, what's the secret to picking the numbers. there is no secret. >> the odds may be long, but people keep hoping they'll be that one in 175 million. >> it's always a dream. always a dream. >> the key question, of course, is whether you're going to play. one of our viewers has tweeted in to say that playing the power ball is a tax on the mathematically challenged. i'm in. another disagrees. he says a dollar in apple stock eventually becomes $2 versus zero in power ball. not sure if it's conventional wisdom that a dollar in apple doubles. maybe that's a bit of a warning sign for the shares. but in any case what are you going to do with your dollar? are you going to put it in the powerball? put it in the stock market? e-mail us, you can tweet us. >>> and stick around, because coming up, the world's top auto ma
back from florida. great work this week. >>> shares of apple sliding over 20% since the all-time high back on september 21st. question is, do we go down more from here? later on, the changing of the guard. over in china. we'll take a closer look at the challenges and new leadership will face and means for the rest of the world. don't go away. it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you're the commander-in-chief of your own life. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back. let's take a check on shares of apple. this hap
, the density of the area affected never happened before. when the storms hit florida, frankly they do hit areas and they hit them hard. so many people that live in the area, you have not had this. so it's really hard to know, carl, the 439 plus 78,000, doesn't seem like that much. i have seen estimates that claims could go up as high as 500,000 or higher. so that's something to look out for. how much drop you would expect and why we see it in philly and not in empire state, which arguably should have been more impacted than philly fed, of course you are, philly is down in that southern new jersey area that was hit by a lot of rain, that's possible. i honestly have to answer your question, carl, by saying i did not know what to expect, except that beyond noisy, i expected it to be negative. >> also double dose of big box retail earnings this morning, walmart and target both beating estimates on the top line, but walmart did -- patrick mckeeve, that neutral looks awfully pressure right now. what is your response to how they did? >> the sales were disappointing, they comped up 1.5%, walmart u.s. a
in the high fives and low sixes, so whether you're looking at the national association of home floridas index yesterday, marching up to the best levels since may of '06 or starts and permits, i would have to say that i can't tell you if every region is going to have hot housing market as some of the stories i was reading about in miami, but there seems little doubt at least at this point before everybody starts tackling deductions like home mortgage interest, that it's trying to get a bite and trying to grab. rates kicked up maybe a basis point. dollar index under duress and doing better again, the dollar that is on the yen and that has been one of the big trades last several weeks. back to you. >> rick, thank you. steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think
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